KFC Corp.ChickenBackground
Founded: 1930 Franchising since: 1952
In 1930, Harland Sanders opened Sanders Court & Cafe in the front room of a gas station in Corbin, Kentucky. He was named an honorary Kentucky Colonel in 1936 for his contributions to local cuisine. Colonel Sanders began franchising in 1952 and awarded the first franchise to Pete Harman in Salt Lake City, Utah. Their handshake agreement stipulated that the corporation would receive a royalty of one nickel for each chicken Harman sold.
His recipe is still a secret, but billions of Colonel Sanders' chicken dinners are served annually in more than 80 countries. KFC is now part of Yum! Brands, which also includes A&W Restaurants, Long John Silver's, Pizza Hut and Taco Bell.
Franchise Growth
Where Seeking Franchisees In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming Worldwide Costs and Fees
Type of Financing Available
Qualifications Net worth requirement: $1M Cash liquidity requirement: $360K Business Experience:
Rankings
Franchise 500® rank:
#14 (2009); #7 (2008); #23 (2006); #11 (2005); Ranked #1 in category in: 2009; 2008; 2006; 2005; Fastest-Growing Franchises: #48 (2008); #75 (2005); America's Top Global Franchises: #13 (2009); #2 (2008); #7 (2006); #5 (2005); Related Franchises
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